Market
KakaoBank outpaces Hyundai Motor in market cap
Aug. 20, 2021
KakaoBank, South Korea’s largest digital-only bank, beat out Hyundai Motor, one of the world’s largest carmakers, in terms of market capitalization on Friday morning, becoming 8th most valuable company here. Shares of KakaoBank rose 1.85 percent to 92,300 won ($77.98) during the morning trade to surpass the 44 trillion won-mark before it closed at 1.09 percent lower to 91,000 won. Hyundai Motor shares, meanwhile, declined more than 1 percent to 204,000 won apiece, losing